The Indian automotive market is experiencing a transformation as the new GST 2.0 comes into effect, leading to lower prices for cars and motorcycles. These price adjustments reflect a direct benefit to consumers, with automakers adjusting their pricing in response to the revised tax rates. The extent of these savings varies, encompassing cuts from roughly Rs 40,000 on entry-level cars up to Rs 30 lakh on high-end SUVs, showcasing a widespread impact across the industry.
This shift means more affordable options for buyers, encompassing vehicles from Maruti Suzuki’s cost-effective models to the luxury offerings from Range Rover, alongside popular two-wheelers like the Honda Activa and Shine. Detailed below is a brand-specific overview of the price reductions.
Cars Affected by GST Rate Cuts:
[Table of price reductions for various car models from Mahindra, Tata Motors, Toyota, Range Rover, Kia, Skoda, Hyundai, Renault, Maruti Suzuki, Nissan, and Honda.]
Motorcycle Price Reductions:
Honda Two-Wheelers – Up to Rs 18,887 off (under 350cc)
[Table of price reductions for various bike models from Honda.]